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Registration number: OC399113

MCA Services Cambridge LLP

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2023

 

MCA Services Cambridge LLP

Contents

Abridged Financial Statements

1 to 4

Abridged Balance Sheet

1

Notes to the Abridged Financial Statements

3

 

MCA Services Cambridge LLP

(Registration number: OC399113)
Abridged Balance Sheet as at 31 March 2023

Note

2023
 £

2022
 £

Fixed assets

 

Tangible assets

3

75,029

75,138

Current assets

 

Stocks

17,710

23,740

Debtors

79,204

20,807

Cash and short-term deposits

 

59,224

113,697

 

156,138

158,244

Creditors: Amounts falling due within one year

(22,636)

(14,476)

Net current assets

 

133,502

143,768

Total assets less current liabilities

 

208,531

218,906

Accruals and deferred income

 

(1,209)

(1,260)

Net assets attributable to members

 

207,322

217,646

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

78,653

42,899

Members’ other interests

 

Other reserves

 

128,669

174,747

   

207,322

217,646

Total members' interests

 

Loans and other debts due to members

 

78,653

42,899

Equity

 

128,669

174,747

   

207,322

217,646

For the year ending 31 March 2023 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships, and the option not to file the Profit and Loss Account has been taken.

 

MCA Services Cambridge LLP

(Registration number: OC399113)
Abridged Balance Sheet as at 31 March 2023 (continued)

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of MCA Services Cambridge LLP (registered number OC399113) were approved by the Board and authorised for issue on 8 January 2024. They were signed on behalf of the limited liability partnership by:

.........................................
Mr Leslie Frederick Jones
Designated member

 

MCA Services Cambridge LLP

Notes to the Abridged Financial Statements for the Year Ended 31 March 2023

1

Accounting policies

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of MCA Services Cambridge LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Tangible fixed assets

Individual fixed assets costing £0.00 or more are initially recorded at cost.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Freehold

Not depreciated

Plant

15% reducing balance

Fixtures

15% reducing balance

Computers

33% straight line

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 3 (2022 - 3).

 

MCA Services Cambridge LLP

Notes to the Abridged Financial Statements for the Year Ended 31 March 2023 (continued)

3

Tangible fixed assets

Total
£

Cost

At 1 April 2022

81,023

Additions

764

At 31 March 2023

81,787

Depreciation

At 1 April 2022

5,885

Charge for the year

873

At 31 March 2023

6,758

Net book value

At 31 March 2023

75,029

At 31 March 2022

75,138

4

Control

The ultimate controlling party is the same as the controlling party.